By Adedapo Adesanya
The week kicked off on a positive note at the NASD Over-the-Counter (OTC) Securities Exchange with a 1.23 per cent growth and this was buoyed by gains in the equity price of Central Securities Clearing Systems (CSCS) Plc.
The rise in the security depository company’s share price pushed the NASD Unlisted Securities Index (NSI) up by 8.84 points during the session to 728.86 points from 702.02 points recorded at the previous session.
Business Post reports that CSCS gained N1.30 gain or 8.8 per cent to finish the day’s trading session at N14.80 per share in contrast to N13.50 per unit it closed at the last session.
This supported the N6.50 billion or 1.23 per cent rise in the market capitalisation, which closed on Monday at N535.40 billion in contrast to N528.90 billion it finished last Friday.
At the market yesterday, there were four deals executed compared with the single deal achieved during the preceding session.
A breakdown showed that Afriland Properties recorded two deals while FrieslandCampina WAMCO Nigeria Plc and CSCS Plc made one deal each.
However, there was a decline in the total number of shares transacted by investors by 34.2 per cent as 33,850 units were traded compared to 51,418 units at the previous session.
In the same vein, the total value of shares transacted at the session fell by 93.7 per cent to N210,975 from N3.3 million transacted at Friday’s session.
At the close of transactions, ARM Life Plc closed as the most traded stock by volume (year-to-date) with 7.4 billion units worth N4.6 billion, CSCS Plc was in second place with 202.9 million units valued at N2.7 billion, while Food Concepts Plc traded 125.1 million units worth N88.1 million.
In terms of the most traded stock by value (year-to-date), ARM Life Plc maintained the top position with 7.4 billion units of its shares traded for N4.6 billion. Niger Delta Exploration and Production (NDEP) Plc was in second place with 8.8 million units traded at N2.7 billion, while CSCS Plc settled in the third spot with N2.7 billion realised from selling 202.9 million units of its securities.
more recommended stories
Investors Lose N113bn as Blood Flows to Stock Market
By Dipo Olowookere The stock market.
NNPC Lauds Completion of OB3 Gas Pipeline Project
By Adedapo Adesanya The Nigerian National.
NASD OTC Exchange Records 0.05% Growth
By Adedapo Adesanya The bulls returned.
Naira Gains 0.06% at I&E on 72.9% Drop in Daily FX Turnover
By Adedapo Adesanya The Naira appreciated.
Oil Rises Amid Progress in US Stimulus Deal
By Adedapo Adesanya Oil futures closed.
Nigerian Stock Exchange Denies Hacking of Website
By Dipo Olowookere The management of.
Essential Skills of Master Traders
Trading is one of the most.
PenCom Urges RSAs to Participate in Data Recapture Exercise
By Adedapo Adesanya The National Pension.